Global Endoscopy Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global endoscopy devices market in its upcoming report titled, “Global Endoscopy Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global endoscopy devices market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global endoscopy devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global endoscopy devices market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global endoscopy devices market report has been segmented on the basis of product type, application, end user, and region.
An endoscopy is used in medicine primarily to examine the insides of a body. Unlike many other medical imaging techniques, endoscopes are inserted directly into an individual’s body. Also, there are many types of endoscopes, they can be differentiated depending on the site, and type of procedure. A patient may be fully conscious or anaesthetized during the procedure. An endoscope is basically a flexible tube with a light and camera attached to it. Healthcare professionals can view pictures of your digestive tract on a monitor using an endoscope. Minimal invasiveness of the endoscopic procedure and limited number of post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgery.
Increasing incidence of gastrointestinal disorders and chronic diseases such as diabetes in developed economies is a key factor driving growth of the global endoscopy devices market. In addition, technological advancements in endoscopy devices, growing geriatric population, and increasing awareness about endoscopic devices among individuals in developing economies are other factors expected to boost growth of the global endoscopy devices market over the forecast period.
However, high cost of endoscopic devices is a key factor restraining growth of the global endoscopy devices market. Additionally, limited number of skilled professionals, and lack of appropriate healthcare infrastructure in emerging economies are other major factors expected to hamper growth of the global endoscopy devices market over the forecast period.
Currently, the market in North America dominates the global endoscopy devices market in revenue terms owing to presence of proper healthcare infrastructure, favorable reimbursement policies, and high awareness levels about endoscopic procedures in the region. The market in Europe accounted for second-highest revenue share in the global endoscopy devices market, due to high healthcare expenditure by governments of countries, and high disposable income, followed by markets in Latin America, Asia Pacific, and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increasing number of patients suffering from chronic diseases, rising demand for minimally invasive surgeries, and rise in government initiatives for the improvement of healthcare facilities in countries in the region.
Global endoscopy devices market segmentation by product type:
- Flexible endoscopes
- Rigid endoscopes
Global endoscopy devices market segmentation by application:
- Gastrointestinal (GI) Endoscopy
- Obstetrics/Gynecology Endoscopy
- Urology Endoscopy (Cystoscopy)
Global endoscopy devices market segmentation by end user:
- Ambulatory Surgical Centers
Global endoscopy devices market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Olympus America Inc.
- KARL STORZ SE & Co. KG
- Boston Scientific Corporation
- Ethicon US, LLC
- Fujifilm Holdings Corporation
- Hoya Corporation
- ConMed Endoscopic Technologies, Inc.
- Richard Wolf GmbH
- Braun Melsungen AG
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